Auto stocks head in reverse, Under Armour gets stomped, Sprint jumps on profit surprise

Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.

Auto stocks are under pressure after reporting weaker-than-expected monthly sales figures. General Motors (GM) led the way with a decline of 14.4%, Fiat Chrysler (FCAU) saw a 10.7% drop, while Ford (F) sales fell 7.5% in July.

Under Armour (UA) shares plunged on Tuesday after the sports apparel maker cut its revenue outlook for the year and said it was closing stores and cutting 2% of its global workforce, or 280 jobs. The is all part of restructuring plan to boost a slowdown in sales amid fierce competition. Under Armour also posted a smaller-than-expected loss for the second quarter and revenue that matched estimates.

Sprint (S) shares sprinted higher in early trading. The wireless carrier, which is majority owned by Japan’s Softbank, swung to a profit for the first time in three years. Revenue also beat expectations as it added 61,000 subscribers and cut costs last quarter.

Pfizer (PFE) reported mixed results. The drug firm posted a beat on profits but revenue missed analysts’ estimates amid lower sales of its rheumatoid arthritis treatment Enbrel and pneumonia vaccine Prevnar.

Pandora Media (P) saw big swings in its stock this morning. The online music streaming service lowered its outlook for the year, following the sale of its Ticketfly ticketing firm and weaker-than-expected subscription revenue. However, a boost in advertising helped Pandora deliver a smaller-than-expected loss and revenue that beat estimates last quarter.

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